Bitcoin Technical Analysis
Bitcoin maintains a strong bullish structure on the 1-hour chart, trading around $77,390 after climbing to a recent high above $79,500. Following the sharp advance, price has entered a consolidation phase between roughly $77,000 and $78,000.
The short-term moving averages remain supportive, with price holding slightly above the MA5, MA10 and MA20. However, the averages have started to flatten, suggesting that upward momentum has eased temporarily.
The first resistance to watch is $78,000, followed by the recent high around $79,503. A decisive break above $79,500 could reinforce the bullish trend and bring the psychologically important $80,000 level into focus.
On the downside, initial support is located around 77,100–77,300. The broader bullish bias remains intact while Bitcoin holds above $77,000. A break below the short-term moving-average cluster could trigger a deeper pullback toward the 75,000–74,000 area before buyers potentially return.
Bitcoin
| Resistance | $78,000 | $79,458 | $80,000 |
| Support | $76,282 | $75,064 | $74,215 |
Gold Technical Analysis
Gold continues to show a strong bullish structure, trading around $4,648. The MA5, MA10 and MA20 remain firmly aligned to the upside, with all three averages rising and price holding above them. This indicates that buyers continue to control the short-term trend.
Immediate resistance is positioned around 4,656–4,660, near the current high. A sustained break above this area could extend the rally toward $4,687, followed by the psychological $4,700 level.
On the downside, the first support is around $4,642, close to the MA5, followed by $4,630 and $4,617. A deeper correction could bring the previous breakout area around $4,590 into focus.
For now, the technical outlook remains strongly bullish, provided gold continues to hold above its key short-term moving averages and support zones.
Gold
| Resistance | $4,660 | $4,700 | $4,755 |
| Support | $4,627 | $4,600 | $4,562 |
Nasdaq 100 Technical Analysis
The Nasdaq 100 is showing a bearish short-term structure, trading around 29,093 after breaking below the 29,320 area. The move suggests that sellers currently have the upper hand in the near-term trend.
The moving averages reinforce the bearish setup. Price is trading below the MA5, MA10 and MA20, while the averages are arranged in bearish order, with the shorter-term average below the longer-term ones. This points to continued negative short-term momentum.
Immediate support is located around 29,090. A decisive break below this level could expose 28,986, with further downside potentially extending toward the 28,800–28,700 region.
On the upside, 29,320 has become the first key resistance, followed by 29,650 and the previous high near 30,217.
The short-term bias therefore remains bearish below 29,320. A sustained recovery above this level could help stabilize the structure and indicate that buyers are beginning to regain control.
Nasdaq 100
| Resistance | 29,194 | 29,300 | 29,450 |
| Support | 29,000 | 28,845 | 28,723 |
Market Outlook
Bitcoin and gold continue to show strong bullish momentum, with both markets approaching important psychological levels. Bitcoin is focused on the $80,000 threshold, while gold is testing the path toward $4,700. Meanwhile, the Nasdaq 100 remains under short-term pressure and needs to reclaim 29,320 to improve its technical outlook.
Traders may continue to monitor the key support and resistance levels highlighted above for potential shifts in momentum.
